8 Great Places to Retire Abroad, Our 3rd retirement city

8 Great Places to Retire Abroad, Our 3rd retirement city
Bocas del Toro, Panama

Population: 125,461

Climate: Warm and tropical, with temperatures ranging from the low 70s to high 80s. Rainy season can stretch from May to January.

Proximity to major airport: It’s a one-hour flight to Panama City, where connections are available to the U.S.

Access to health care: There’s a public hospital on Isla Colon, the main island in the Bocas del Toro archipelago. It’s adequate and cheap, but most expats head to David or Panama City for checkups and planned treatments. Panama tied for 12th (with Portugal) out of 25 countries on International Living’s Global Retirement Index for health care.

Cost of Living: Panama tied for 13th (with Costa Rica) on the Global Retirement Index for cost of living. A retired American couple can live comfortably in Bocas del Toro on $1,500 a month.

The draw: Laid-back island living. Bocas del Toro province, on the Caribbean in western Panama, boasts miles of sandy beaches, turquoise waters and sprawling rainforests. The currency is the U.S. dollar and, while Spanish is the country’s official language, English is widely spoken. Panama has a “pensionado” program for retirees that provides discounts on public transportations, entertainment and health care.




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